Multiple debts against your name that you owe to different creditors not only drains away your income (especially, if they carry high interest rate, such as credit cards) but also rob your peace. It is generally very difficult to manage multiple debts efficiently. Larger sum of money can be borrowed at a lower interest rate. So, it makes sense to consolidate your small multiple debts into a single loan amount. Debt consolidation is a smart way to address your debt problem.

A careful approach while collating your debts using debt consolidation loans will not only help you to streamline your finances but also enable you to get rid of the debts in the long run. While applying for a debt consolidation loan, try to borrow only that much money which is just sufficient to pay off the existing debts.

SDS: One Generation Got Old, One Generation Got Soul

Sixteen students sat around a table in the Manhattan cafeteria of the New School discussing where commas should go. They were rewriting, for the third time, a mission statement for their chapter of Students for a Democratic Society, the activist group that had been dormant for nearly 40 years. They wanted the document to be collectively produced, but after more than three weeks of communal drafting, no one seemed particularly content with the results.One student thought the phrase "we accept all persons" should be broadened to cover animals. Another worried that the word "delineation" was alienating because "it means drawing lines, and don't we object to lines?" The only sentence everyone seemed to support wholeheartedly was the final one: "Power to the People!"

The subject was a sensitive one, because the revived group has yet to produce a document as compelling as the S.D.S.

Jan. 13: Our readers write

Home retention is much more profitable for them than is foreclosure. The subprime problem we keep hearing about has not manifested itself in Hardin County to any major extent that I have seen.Adjustable rate mortgages are not "bad" in and of themselves. ARMs were introduced in an effort to help people obtain home ownership. The theory at the time was that people would have a better paying job or would have paid off other bills, so when the adjustment came three to five years later they would be in a better position to refinance. There is no evil collusion here, regardless of the mainstream media's reporting.I do agree with Mr. Cauch on one point, though; the government should not be making plans to help. As with smoking bans and other forms of "benevolent" help, the government creates more problems than it cures.John E.

MCG Capital Corporation Receives SBIC License for Subsidiary Solutions ...

ARLINGTON, Va., Oct. 24 /PRNewswire-FirstCall/ -- MCG Capital Corporation (NASDAQ: MCGC) today announced that its wholly owned subsidiary, Solutions Capital I, L.P., has received a license from the United States Small Business Administration ("SBA") to operate as a Small Business Investment Company ("SBIC"). The license allows Solutions Capital I to borrow funds which can be used to provide debt and equity capital to qualifying small businesses. Additionally, MCG has applied for exemptive relief from the SEC, similar to relief that has been granted to other business development companies, to permit MCG to exclude debt issued by the SBA to Solutions Capital I from its consolidated asset coverage ratio, which will enable MCG to fund more investments with debt capital. There can be no assurances that MCG will receive exemptive relief from the SEC.

Money Mobile to Provide Bill Pay-Off for Southeast Students

CAPE GIRARDEAU, Mo., Oct. 25, 2007 -- In an effort to encourage students to learn about financial accountability, Southeast Missouri State University is providing an incentive -- money.

Winners will be chosen by a panel of judges based on creativity and reasoning behind their case. One grand prize winner will have their bill paid off up to $1,000, and there will be other prizes of $750, $500 and two of $250.